Home Insurance
You are here: Home
en-USes-MX
Call Aspen Cove Insurance

Your One Stop Shop For All Your Insurance Needs!

Home Owners Insurance

Home Insurance

What is it?

Homeowner insurance, also known as hazard insurance, covers private homes. It requires that one of the named insured’s lives in the home. In the event of a covered loss, most home insurance policies cover the structure of the home, other permanent structures, the home’s contents, loss of its use, or loss of other personal property as well as liability for accidents that may occur at the home.

Renter’s Insurance

What is it?

Renter’s insurance is for those who rent and want to insure their personal property, but who do not own the structure of the home. In the event of a covered loss, the home’s contents, loss of its use, or loss of other personal property as well as liability for accidents that may occur in the home.

Why do I need it?

Although your landlord may have insurance covering the structure of the building you are living in, your personal belongings are not covered. With a renter’s policy your personal property would be protected.  Renter’s insurance can help keep your personal property safe from perils such as fire damage, theft, and vandalism will also include liability protection.  

Dwelling Fire Insurance (Insurance for Rental Property)

What is it?

Dwelling fire hazard insurance covers private homes that may be rented, vacant or seasonal. It does not require that one of the named insured’s lives in the home. In the event of a covered loss, it would cover the structure of the home and could cover other structures, loss of rents (i.e. rent that would not be collected should the renters be relocated during repairs of a covered peril), as well as liability and medical. 

Condo and Townhome Insurance

What is it?

This hazard insurance covers private condo or townhomes. It requires that one of the named insured’s lives in the home. In the event of a covered loss, it would cover from the wallboards in (HOA should insure the shell of the structure) the home’s contents, loss of its use (additional living expenses should you be relocated during repairs), or loss of other personal property as well as liability for accidents that may occur at the home. 

Frequently Asked Questions:

Q:  What are the basic perils that would be covered in my homeowner’s insurance?
A:  Basic perils included in most homeowner’s policies are fire, theft, vandalism, wind and lightening.

Q:  Does my homeowners insurance cover me if a flood, earthquake or landslide occurs?
A:  No, you must have an additional flood, earthquake and landslide policy to cover your home in these events.

Q:  What is scheduled property?
A:  Many insurance policies have a payout cap on select items. Common payout caps include items such as jewelry, guns, etc. Some people choose to insure their more valuable property by scheduling specific items.

Q: What is replacement cost?
A:  Replacement cost is a method that assigns value to a piece of property by considering the cost of repairing or replacing the property without taking into account depreciation (contrast with Actual Cash Value).

Q:  Is my personal property covered while I am moving?
A:  Yes in most cases, as long as your policy is active your personal property is covered.

Q:  Are my cabinets and other fixtures covered on my condo and/or townhome policy?
A:  Yes.   Coverage from the "wallboard in" would include these items.

4844 North 300 West, Suite 100
Provo, Utah 84604 | 801-431-7888

Terms Of Use  |  Privacy Statement
Get a Quote  |  Auto  |  Home  |  Life/Health  |  Business  |  Contact Us  |  ACI Blog
Copyright 2010 by Aspen Cove Insurance |  Login